“TODAY’S VOTE MARKS A MISGUIDED STEP TOWARDS DISASTER FOR NEW JERSEY”

Trenton, NJ – Matt Fossen, spokesperson for the NJ Coalition for Fair Energy, released the following statement today after S. 2313/A. 3724 were jointly passed out of the Assembly Appropriations Committee and Senate Budget and Appropriations Committee:

“Today’s vote marks a misguided step towards disaster for New Jersey. It is abundantly clear by now that ratepayers cannot afford a multi-billion dollar tax hike, paid to fund a bailout for two demonstrably profitable nuclear plants, just so PSEG shareholders can make some extra money.”